Despite the fact that cotton yarn market continues to be sluggish, the expected delay in arrival of next crop is causing some panic among spinners who want to build up stocks. Strong buying from spinners kept prices high on the cotton market on Tuesday.
However, short supply and ginners’ reluctance to dispose of stocks at prevailing prices kept activity restricted.
According to brokers, the domestic trend is quite different from the global market where most markets are showing easy trend.
The Karachi Cotton Association (KCA) continued with the no changes in its spot rates.
The following deals were finalised on ready counter: 300 bales from Sanghar done at Rs4250, 600 bales Shahadadpur at Rs4300, 1000 bales Rohri at Rs4800 to Rs5000, 200 bales Shujabad at Rs5400, 600 bales Khanewal at Rs5450 and 1000 bales Kabirwala at Rs5450 to Rs5500.
On global front, New York market recorded modest gain in July 2015 contract while all the other future contracts moved lower.
Verretex has entered into a partnership with Fiberloop, a developer recycling machinery, to strengthen circularity in glass-fiber composite applications.
Polartec has been awarded an ISPO Award 2025 for Montura’s FW26 apparel featuring Polartec AirCore, the industry’s first truly air-permeable…
The 10th edition of Techtextil India 2025 underscored how industry dialogue and collaboration are strengthening India’s ambition to expand high-value…
Best Awning Company, a Denver-based provider of shade solutions, has announced the launch of eco-friendly fabric options for its retractable…
Everbloom has created a materials science–based artificial intelligence system called Braid.AI, making it possible to develop fibers with different features.
Carbonova, which produces carbon nanofibres (CNFs) from greenhouse gas emissions, has closed an oversubscribed C$5.1 million equity financing round.